companies

Tech companies shed workers even as the talent shortage rages on

Tech companies shed workers even as the talent shortage rages on

A worker sorts ordered goods into an automated shelving system during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Layoffs and hiring slowdowns have been the top talking points from tech leaders on earnings calls over the past few weeks. Then there was last …

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At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.

At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.

This is not a typical weight-loss story. After all of the diet, supplement, and workout fads we’ve endured, we’re about to have drugs that are safe and effective. They’re our best hope yet for stemming the obesity epidemic that threatens the lives of 100 million Americans and half a billion people worldwide. No one has …

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Wall Street rallies on economic data, crude falls as stockpiles jump

Five Chinese state-owned companies to delist from NYSE

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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3 warning signs about the economy coming out of America's top companies

3 warning signs about the economy coming out of America’s top companies

A trader works on the floor of the New York Stock Exchange in New York City on Aug. 5. The majority of America’s top companies have reported strong earnings, but warning signs about the economy are also emerging from their corporate earnings. Angela Weiss/AFP via Getty Images hide caption toggle caption Angela Weiss/AFP via Getty …

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The corporate minimum tax could hit these ultra-profitable companies

The corporate minimum tax could hit these ultra-profitable companies

August 11, 2022 at 6:00 a.m. EDT Cash effective tax rates of most-profitable companies since 2019 Berkshire Hathaway, Amazon and Intel paid less than 15 percent in taxes globally in each of the last three years Tech companies including Alphabet lower their tax bills by reporting income in counties with lower rates Source: Washington Post …

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Disney Stock Rallies on Strong Earnings

Disney Stock Rallies on Strong Earnings

Text size Disney has set itself the goal of boosting the Disney+ subscriber base to between 230 million and 260 million accounts by the end of its fiscal 2024. Dreamstime Walt Disney stock jumped after the media and entertainment giant reported better-than-expected earnings and subscriber growth. The company also said Wednesday evening it would raise …

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Moderna CEO says Covid vaccines will evolve like 'an iPhone' | CNN Business

Moderna CEO says Covid vaccines will evolve like ‘an iPhone’ | CNN Business

CNN Business  —  Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the coronavirus, the flu and another common respiratory virus within the next five years. As Covid-19 continues to mutate, Moderna will need to keep updating the vaccines that turned it into a …

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GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.

GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.

Text size GE wants to be a player in the electricity grid of the future. That will benefit its coming Vernova business. Brandon Bell/Getty Images NISKAYUNA, N. Y–In General Electric ’s sprawling research center here, you will find two Nobel Prizes won by GE scientists, Thomas Edison’s desk, and current research that could help create …

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The mysterious companies behind Costco's Kirkland Signature and Trader Joe's O's

The mysterious companies behind Costco’s Kirkland Signature and Trader Joe’s O’s

They have become forces in their own right and make up around 21% of sales in the $1.7 trillion US grocery industry, according to IRI. But the origins of store brands remain largely secretive. Retailers aren’t typically forthcoming about the companies that make their brands. And manufacturers, likewise, have little incentive to reveal that they’re …

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